US President Trump has been strikingly consistent in his trade stance. He argues that, abetted by US leaders, foreign countries have taken advantage of the United States in trade. He wants to end this practice. He is struggling to find a way. His campaign rhetoric about imposing a large tariff on imports from China was quickly cast aside. It was replaced by some passing interest in a "border adjustment tax", which, as envisioned, would have taxed all imports into the US, while making exports tax free. This was initially to be part of the tax reform, but was dropped ostensibly due to the complexity, but it also a ... (full story)